The Timken Company (NYSE:TKR) Receives Consensus Rating of "Hold" from Brokerages

Shares of The Timken Company (NYSE:TKR - Get Free Report) have been given an average rating of "Hold" by the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $78.50.

Several equities analysts have weighed in on TKR shares. Evercore ISI reduced their price objective on Timken from $102.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, May 19th. DA Davidson increased their target price on Timken from $66.00 to $71.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Oppenheimer reduced their price objective on Timken from $90.00 to $88.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Morgan Stanley cut their target price on Timken from $94.00 to $88.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Bank of America upgraded shares of Timken from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $73.00 to $78.00 in a report on Tuesday, February 4th.

Institutional Investors Weigh In On Timken

Several hedge funds and other institutional investors have recently modified their holdings of TKR. Barclays PLC grew its position in shares of Timken by 221.6% during the 3rd quarter. Barclays PLC now owns 86,667 shares of the industrial products company's stock valued at $7,307,000 after buying an additional 59,716 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Timken by 13.6% in the fourth quarter. Park Avenue Securities LLC now owns 3,093 shares of the industrial products company's stock valued at $221,000 after acquiring an additional 371 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Timken by 25.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 107,102 shares of the industrial products company's stock worth $7,644,000 after buying an additional 22,003 shares in the last quarter. Inspire Investing LLC boosted its holdings in Timken by 15.2% during the fourth quarter. Inspire Investing LLC now owns 5,647 shares of the industrial products company's stock worth $403,000 after buying an additional 746 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its stake in Timken by 1.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 21,167 shares of the industrial products company's stock worth $1,511,000 after purchasing an additional 253 shares during the period. Institutional investors own 89.08% of the company's stock.

Timken Stock Performance

TKR stock traded down $0.71 during midday trading on Friday, reaching $70.12. 136,151 shares of the company were exchanged, compared to its average volume of 567,825. The business has a 50-day moving average price of $66.92 and a two-hundred day moving average price of $73.15. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 1.51 and a beta of 1.30. Timken has a one year low of $56.20 and a one year high of $90.49. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61.

Timken (NYSE:TKR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.03). The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Timken had a net margin of 7.71% and a return on equity of 13.93%. The company's revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.77 EPS. Equities research analysts forecast that Timken will post 5.62 EPS for the current year.

Timken Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $1.40 dividend on an annualized basis and a yield of 2.00%. This is a positive change from Timken's previous quarterly dividend of $0.34. Timken's payout ratio is currently 30.17%.

Timken Company Profile

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.